East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Many agreements wait until the loan has reached 78 percent of the home's value to automatically cancel PMI.

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Appraisal Renovations Insurance Home Value 52

D Fritz Appraisals

OCTOBER 11, 2022

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

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Appraisal Inspection Property Taxes Easement 105

PennyMac

NOVEMBER 27, 2023

Equity is the difference between the market value of your home and the amount you owe on your mortgage. Once you've accumulated enough home equity, you can tap into it for various needs like home renovations, debt consolidation or other expenses. Want to leverage your home equity?

Market Value 36

Market Value Tenants Renovations Insurance 36

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Risk to Home Values.

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Insurance Appraisal Contracts Mortgage 79

Eppraisal

SEPTEMBER 8, 2023

Since that time, a plethora of AVMs have come onto the market including more complex and sophisticated AVMs that are "commercial grade" This type of AVM is often used by banks, insurance companies and other large businesses to help make financial decisions. Interested in learning more?

Real Estate Agent 36

Real Estate Agent Inspection Real Estate Agents 36

Quicken Loans

APRIL 5, 2021

Home value may increase over time. Sense of home stability/permanence. Home value may decrease. Aside from initial closing and moving costs, you may be paying more closing costs when selling a home in addition to other costs such as repairs and renovations that would make the house sell for top dollar.

Landlords 72

Landlords Renovations Property Taxes Finance 72

PennyMac

JANUARY 3, 2024

No monthly mortgage insurance premiums. Purchase a home and start building equity without the extra expense of monthly mortgage insurance. Does not apply to taxes, insurance or pre-paid interest. The home you are refinancing must be your primary residence. Lower interest rates. Less stringent credit requirements.

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Insurance Real Estate Agent Finance Renovations 36

Raleigh Realty

MARCH 29, 2021

Build Equity Every time you make a mortgage payment, you build equity in your home. Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity. You'll need to do some renovations.

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Government Real Estate Agent Insurance Property Taxes 148

Assurance Financial

APRIL 29, 2021

FAIR (Fair Access to Insurance Requirement). A Fair Access to Insurance Requirement (FAIR) Plan is a type of insurance policy designed to provide coverage to homeowners whose property is considered high risk. FAIR is a state-mandated program and usually costs more than a private insurance policy. LE (Loan Estimate).

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Mortgage HOA Insurance Real Estate Agent 74

AmeriMac

JUNE 6, 2022

A home appraisal typically involves an inspector coming to the home to assess the property value. The appraiser will look at things like the size of your home, the condition of your home, recent sales of similar homes in the area, and any upgrades or renovations you may have made.

Appraisal 36

Appraisal Renovations Buyers Lending 36

Assurance Financial

OCTOBER 27, 2023

You can leverage home equity to access cash for major purchases, alternative debt repayment, retirement plans or home renovations. You can also use it to obtain funds via a second mortgage like a home equity line of credit , or HELOC. When you obtain a HELOC, you are securing it against your home equity value.

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Renovations Mortgage Appraisal Housing Market 36

AmeriMac

MARCH 29, 2024

One of the most common types of reverse mortgages is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration (FHA). HECMs are government-backed loans designed to help seniors access the equity in their homes. Enhancing curb appeal through landscaping can also add value.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Round Rock Appraisal

MARCH 28, 2015

This not only makes sure the price listing for the property is fair but also to insure the buyer isn’t overpaying. Purchasing a home is the largest investment most people will ever make in their lifetime. Would you be doing your own renovation over a period of time? Home values are affected by these situations.

Buyers 36

Buyers Appraisal Renovations Property Taxes 36

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Note: An appraisal, which tries to estimate true home value, is different from a home inspection, which tries to take inventory of current and potential issues.

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Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

APRIL 27, 2023

Inviting an SFR lawsuit Invitation Homes earlier this year failed to convince a judge to dismiss a pending whistleblower lawsuit filed against the company in federal court in San Diego that alleges it made improvements at scores of properties in California without first securing required building permits.

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Renovations Investing Real Estate Marketing 299

PennyMac

JANUARY 16, 2022

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? The rise of home renovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels.

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Investing Property Taxes Real Estate Renovations 36

Houston Properties

JANUARY 13, 2021

On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. We also believe that there’s going to be strong appreciation for homes with the following characteristics: New / recently renovated to look “like HGTV;”. Houston real estate is hyper-local.

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Housing Market Marketing Real Estate Realtors 68